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Parkit Enterprise Inc.: Parkit: Correction to News Release Dated February 17, 2021


Parkit Enterprise Inc.: Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement
Parkit or the
Company ), is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the
Bought Deal Offering ) and the concurrent non-brokered private placement (the
Non-Brokered Offering and together with the Bought Deal Offering, the
Offerings ) of an aggregate of 88,421,058 common shares of the Company (
Common Shares ) at a price of $0.95 per Common Share.
The Bought Deal Offering consisted of 72,631,585 Common Shares for aggregate gross proceeds of approximately $69,000,000. The Bought Deal Offering was conducted by a syndicate of underwriters, co-led by Stifel GMP and Scotiabank and included Canaccord Genuity Corp., CIBC Capital Markets and Cormark Securities Inc. The Non-Brokered Offering consisted of 15,7 ....

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Parkit Enterprise Completes $36.25MM Industrial Real Estate Acquisition and $10MM Private Placement and Announces Board Changes


PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) (
Parkit ) is pleased to announce that it has completed its previously announced (see press release dated November 24, 2020) acquisition of two industrial properties, one located at 5600 Finch Ave East, Toronto, Ontario and the other at 4390 Paletta Court, Burlington, Ontario (the
Properties ), for an aggregate purchase price of $36,250,000. Concurrent with the closing of the acquisitions, Parkit also completed its previously announced $10,000,000 private placement of common shares. In connection with the completion of these transactions, Parkit s board was reconstituted with the addition of Steven Scott, Iqbal Khan and Julie Neault. It is anticipated that Blair Tamblyn will be proposed as a nominee for election as a director of Parkit at its upcoming annual meeting of shareholders. Biographies of each of the directors can be found in Parkit s November 24, 2020 press release. In connection with these additions, Brad M ....

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